Fed text did changed a bit acknowledging financial distress.......
It is a "baby step towards future policy CHANGE"....
Next step for fed could be a bias change...to neutral.....
Oct looks like a"possible cut"....
Markets have recovered for the most part as I write @ 2.55PM....down .25% after usual "knee jerk reaction to Dow down 130 and Nasdaq down 24".....
As markets are oversold...fed statement will be a "non event"....
Looks like we will close "green today"...
Saleem
No comments:
Post a Comment